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Master of Science in Innovation and Business

The Master of Science in Innovation and Business is a 10-month, full-time graduate degree program that gives young professionals in the so-called STEAM disciplines of science, technology, engineering, agriculture, architecture, mathematics, and medicine the necessary skills to realize the next wave of innovation.

The course teaches students the fundamental business, design, and leadership skills via team-based innovation projects. The result? Technopreneurs and corporate innovators with better business savvy. At the end of the program, these innovators will have been trained to create technology-driven products and services to benefit people and planet while generating profit.

Program at a Glance

10 Months

to make your ideas a reality

2 Career Paths

as an innovator in a company or in a startup

1 Demo Day

to showcase your innovation and pitch your business


Am I qualified to take up a Master of Science in Innovation and Business?

The minimum qualifications to join the program are as follows:

  • A bachelor's degree in any of the STEAM fields or equivalent;
  • Proficiency in oral and written English (IELTS Band 6 for candidates from non-English speaking countries).

In addition to the above listed qualifications, AIM seeks among applicants a) passion for business and innovation and b) the ambition to build new customer-centered technology products for business and society as entrepreneurs or innovators in established companies.

The MsIB program occasionally welcomes applications of of non-STEAM graduate as as long as they are nurturing projects at the junction of science and technology, innovation and who have the drive to pursue them! The past MSIB batches have accepted non-STEAM graduates into the program. Non-STEAM graduates, must specify in their requirements (especially the video essay), why they should be considered for the program and what ideas they would like to work on while they’re in the program. Just like any other applicant, the final decision to offer admission into the MSIB program relies on the faculty interviewing the applicant.

What is the schedule?

MSIB is a full-time degree program and would require the students’ full commitment. First term (January to end April) is dedicated to class activities. Second and third terms have a) mornings dedicated to learning with class activities (courses, cases, simulations) and b) afternoons free for students to work on their innovation project, attend competitions and events, networks and have mentoring.

Does MSIB require students to submit a thesis to complete the program?

Yes, like any other AIM student. It is called a ‘Capstone Project’. The MSIB capstone project is a 6-unit application oriented course designed as the integrating and culminating activity for the Master of Science in Innovation and Business (MSIB) program. It is meant to provide the students with an opportunity to employ the approaches, frameworks, methodologies, and other skills learned from the program and apply these in a comprehensive manner to their respective projects.

What do I need to submit to apply for the MSIB program?

Kindly refer to the How to Apply page.

What are the program fees, payment terms and related costs?

The program fee for the MSIB program is USD 19,500. The registration fee is USD 1,000. This is non-refundable and will be automatically deducted from the program fee.

Payment can be settled in Philippine peso are accepted. It is based on the prevalent exchange USD/PHP rate. You may request for rate assessment from AIM before making the payment.

One-time payment is available, but the default option is a two-installment payment (50-50). Special installment schemes may be requested but will be subject to approval of the AIM Chief Finance Officer.

The other costs to be considered are:

  • Food, accommodations (e.g., dorm), and paraphernalia outside regular case materials will be for the account of the student.
  • Study tour or innovation hot spot immersion exposes students to different investors and possible partners. It also provides students with an idea of the innovation ecosystem of another country and how industries work differently than their own. It is optional.

I am not from Metro Manila, how can this work?

Metro Manila is known for its traffic conditions so two options are available to AIM students.

  • Students can rent a room/condo unit in Makati area.
  • Students can apply for a room at the in-campus dorm. The campus has 24/7 security, a library, a nursery and is located opposite of a major commercial area with shops, restaurants and movies. Campus welcomes students from all AIM full-time programs (MBA, MsIB & MsDS) and all nationalities.

Qualified applicants will be invited for an interview with the faculty on a mutually convenient date.


The Master of Science in Innovation and Business is a 10-month, full-time degree program for graduates of the STEAM disciplines of science, technology, engineering, agriculture, architecture, mathematics, and medicine.


Anticipate Trends

Foresee opportunities and threats by spotting game-changing trends and forces.

Convey Ideas

Communicate with customers and managers to provide technical and business insights.

Work in Teams

Engage diverse teams to tackle multidisciplinary challenges.

Create Solutions

Develop customer-focused technology products and services for emerging economies.

Model Businesses

Make good business decisions from an understanding of marketing, finance and costs.

Start Ventures

Pursue and manage the creation of new businesses as a technology entrepreneur and product manager.

"Innovation is more important than invention. Innovation implies industry."

Diosdado ‘Dado’ Banatao
Technology Innovator, Silicon Valley Entrepreneur
Founder, AIM – Dado Banatao Incubator

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